(News Bulletin 247) – UBS reaffirms its ‘buy’ recommendation on Hays and its price target of 155 pence, representing a potential upside of 50% for the action of the British recruitment firm, pointing to ‘solid profits and dividends, in uncertain markets.
“Profits improved as expected in the second half, with EBITA of 197 million pounds sterling for the 2022-23 financial year (consensus around 196 million)”, underlines the broker in the summary of its note.
UBS adds that the previous day’s publication was accompanied by a 5% increase in the basic dividend per share and an exceptional dividend of around 36 million pounds, as well as the announcement of a new CEO.
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